Shanghai Composite rebounds 1.9%

Mainland China share market closed higher after reversing earlier losses on Monday, 09 March 2015, on the back of broadbased buying, with shares of lenders leading the rally after reports that the country's securities regulator is considering to allow banks to venture into the stock broking business. The Shanghai Composite Index climbed 61.22 points, or 1.9%, to 3302.41 at the close, erasing a loss of as much as 1.3%. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, advanced 59.23 points, or 1.7%, to 3537.75.

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